Amentum (NYSE:AMTM) Receives New Coverage from Analysts at Truist Financial

Truist Financial assumed coverage on shares of Amentum (NYSE:AMTM) in a research note published on Monday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $31.00 price target on the stock.

Amentum Stock Up 2.6 %

Shares of NYSE AMTM opened at $29.69 on Monday. Amentum has a 52-week low of $23.58 and a 52-week high of $34.50.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Dover Advisors LLC purchased a new position in shares of Amentum during the third quarter valued at $219,000. Heritage Family Offices LLP purchased a new position in Amentum during the 3rd quarter valued at about $308,000. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of Amentum in the third quarter worth approximately $414,000. Stonegate Investment Group LLC acquired a new stake in shares of Amentum during the third quarter worth approximately $608,000. Finally, Compass Wealth Management LLC purchased a new position in Amentum during the third quarter valued at approximately $804,000.

Amentum Company Profile

Amentum Holdings, Inc provides engineering and technology solutions to address challenges in science, security, and sustainability. It serves various markets, such as energy and environment, space, intelligence, defense, civilian, commercial, and international markets. The company was incorporated in 2010 and is headquatered in Chantilly, Virginia.